Weren't we told that if TARP wasn't passed immediately the world was going to end - this sounds like eerily similar rhetoric - and Cheney is still yelling about another imminent terrorist attack - fear seems to be the only way they think any legislation will every get passed...

What happens when the $$$$ runs out??? Do you think our President is concerned???

From tonights WSJ....

A growing number of states are running out of cash to pay unemployment benefits, a sign of how far social-welfare systems are being stretched by the swelling ranks of the jobless in the deteriorating U.S. economy.

Unemployment filings have soared so high in recent months that seven states have already emptied their unemployment-insurance trust funds, which were supposed to see them through recessionary periods. Another 11 states are in jeopardy of depleting reserves by year's end...

Alstrynomics is makes no appologies for presenting the truth....without knowledge of the truth, there can be no democracy.

Unemployment is a lagging indicator. It also transfers the burden of low-productivity employees from companies to the state. As such, though it might be nasty for the unemployed, peaking unemployment is good for stock prices. Has it peaked yet, though?